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Although the CLARITY Act – a proposed legislation in the United States aimed at regulating the cryptocurrency industry – stalled in a major Senate vote earlier this week, key federal regulators – including the Securities and Exchange Commission (SEC),  Commodity Futures Trading Commission (CFTC), and Federal Deposit Insurance Corporation (FDIC) – have declared actionable and…

The U.S. Senate’s failure to advance the Digital Asset Market Clarity (CLARITY) Act has prompted expectations of faster, more direct rulemaking from the SEC and CFTC, according to analysts at Bernstein. With the bill not moving forward after a cloture vote on Tuesday, Bernstein said regulators are likely to “make up for the time lost”…